According to a story in the Minneapolis / St. Paul Business Journal, a margin loan call cost Life Time Fitness Inc. [1] CEO Bahram Akradi 582,000 shares of Life Time stock, worth roughly $11 million and making up about 13 percent of his entire direct holdings in the company, according to securities filings.

The Chanhassen-based fitness chain announced Friday that Akradi, who this spring reported owning 4.3 million shares of Life Time (NYSE: LTM), had pledged some of the stock and other assets to secure a margin loan.

 Story:

http://www.bizjournals.com/twincities/stories/2008/10/06/daily40.html [2]